MetaMask Fox Wallet Announces Native Support for Solana in May 2025, Enhancing Market Liquidity and Interoperability
(Background: MetaMask’s new feature “Gas Station” launched: USDT, USDC, and 8 other tokens can also pay gas fees. Is it useful?)
(Context: Microsoft warns of new malicious Trojan: targeting attacks on OKX, Metamask, and 20 other mainstream Web3 wallets)
The popular Fox Wallet MetaMask’s founder recently confirmed plans to officially integrate the Solana network in May. Previously, MetaMask’s design primarily focused on Ethereum and its EVM-compatible chains. Due to Solana’s fundamentally different underlying blockchain architecture compared to Ethereum, MetaMask has long been unable to provide native support for Solana. Therefore, this integration not only marks a significant milestone in MetaMask’s expansion of its multi-chain coverage but also opens a convenient gateway for millions of MetaMask users to access the Solana ecosystem.
Will the Phantom Wallet Be Threatened?
Currently, there are many wallet services in the Solana ecosystem, with the most popular being the Phantom wallet for managing Solana assets. After MetaMask integrates with the Solana network, will it threaten Phantom Wallet’s market share? Whether MetaMask will support non-EVM-compatible chains such as Bitcoin, Cosmos, and Sui is also worth long-term attention.
Furthermore, despite facing certain regulatory uncertainties, discussions in the market regarding MetaMask’s consideration of issuing its native token have never ceased. This move is seen as a potential strategy to strengthen platform governance and enhance user participation; however, as of now, the official has not confirmed any specific issuance timeline.
Extended Reading:
Metamask has been waiting for years on “potential token issuance,” Linea TGE also suffers from procrastination.
SOL Coin Price Performance
Regarding coin prices, SOL has recently been following Bitcoin’s trend. Earlier this week, it peaked at $184.9, but in recent days it has fluctuated down to around $165, reporting at $167.05 before publication. After MetaMask natively supports Solana, users will be able to access Solana-based tokens and dApps more smoothly and intuitively, which is expected to promote Solana’s adoption rate and network liquidity. Whether this will drive an increase in SOL token trading volume and price remains to be observed.
